8/31/2023 0 Comments Dash stock nyse![]() Is DASH Stock a Buy, According to Analysts? For speculators, it may be too enticing of a trade to pass up. Today, standing on the cusp of a major pivot in the workplace, DASH stock may benefit from an emotional catalyst. In the most recent third-quarter earnings report, the company generated sales of $1.7 billion, up 33% against the year-ago quarter. On a trailing-12-month basis, revenue stands at over $6 billion. In 2021, DoorDash inked $4.89 billion on the top line. Again, the food-delivery service posted a more than three-fold increase, this time to a greater magnitude.Įven more startling, the hits keep coming. Further, in the pandemic-disrupted year of 2020, DoorDash rang up sales of $2.89 billion. Mainly, DoorDash continues to be a growth monster, irrespective of various macro headwinds.īack in 2019, the company posted revenue of $885 million, representing a more than three-fold increase from the prior year’s tally. It’s Not Just About the NarrativeĪlthough the above framework for DASH stock might score points for creativity, it’s the underlying objective reality that also supports the investment thesis. Bluntly, it’s easier to shoot someone in the back than it is in the face, and this, too, should cynically boost DASH stock. Amid waves of layoffs for high-paying technology jobs, the last thing anybody wants to do is not be seen. Further, the debate about returning to the office likely leans in favor of corporate executives, who will be clamping down on their employees.Īs well, both workers and investors should recognize the current winds. Naturally, then, DoorDash offers a readymade solution to those in the midst of a return-to-office crisis. Beyond their palatable attributes, they also lessen the impact of stress hormones. Psychologically, comfort food sparks feelings of safety and control. ![]() Invariably, many will seek out coping mechanisms to acclimate to the transition, and that’s also where the narrative for DASH stock intrigues.Īccording to The City University of New York, stressors and other strong emotional states influence a desire for comfort food. Fundamentally, a sharp transition from working at home for three years to returning to the cubicles represents a paradigm shift. ![]() Medical and psychological literature indicates that significant life changes may create stress, leading to negative emotions. Thus, if recalls start picking up pace, the emotional effect may eventually (albeit cynically) reward DASH stock. By logical deduction, most people prefer the home to the office. According to a Pew Research Center report last year, most teleworkers stated that they prefer to operate remotely. DASH Stock May Rise as Workers Adjust to Their New NormalĪgain, while a total normalization of the workforce is not guaranteed, should this materialize, the change would be dramatic. Thus, food-delivery services can help these poor souls cope. As workers begrudgingly return to their cubicles, they’ll want a taste of the “outside” world. However, DASH stock may also enjoy downwind favors. If so, directly relevant gig-economy companies may benefit tremendously. Starting from March 1, hybrid employees must return to the office four days a week.įundamentally, this decision may spark a copycat effect, with other enterprises following suit. Conspicuously, entertainment giant Disney ( NYSE:DIS) not too long ago announced an end to its remote-work policy. However, reading the tea leaves suggests that workers phoning it in from their living room may face a rude awakening. Further, with rising talks about recessionary fears dominating headlines, even well-heeled enterprises can use some savings. By not having employees in a large campus, businesses can save on overhead. In particular, it’s not just workers that benefit from remote operations. To be fair, the prospect of a complete return to normalization in the workplace does not represent a guaranteed outcome. DoorDash may help by providing a little bit of joy in the nine-to-five. Faced with the return of the morning commute along with the typical office drudgery, workers may require an adjustment process. While employees may be dreading a large-scale return to the office, food-delivery service DoorDash ( NYSE:DASH) stock may benefit from a collective coping mechanism.
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